Your guide to purchasing and managing investment
property. Property represents a very secure and sound, long term form of wealth
creation. And as such, Australians are increasingly turning to property
investment to secure their future. A well managed investment can offer many
advantages including income and capital growth. Many investors may also be able
to use their investment to reduce tax payable on their assessable income.
Property is also a good option as part of an investment portfolio, particularly
with people who do not need immediate access to their money and wish to protect
themselves against inflation over the long term. It is important to be aware
however, of the responsibilities of managing your property investment and
assuring proper care and responsibility. As considerable money is at stake, you
need to take the time to get good advice before you act - and remember,
consideration of any investment presents wide and varied alternatives and there
are always plenty of experts ready to pass on their opinion. It is wise,
therefore, to always seek appropriate advice from a qualified financial advisor
or your accountant. This booklet is the first step in this process and is
designed to provide an overview of the considerations required for any owner of
an investment property.
